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Arvada Economic Development Association Launches Free Online Tool to Boost Business Success.

The Arvada Economic Development Association (AEDA) launched a free online tool called SizeUp which is designed to help local businesses grow by making smarter decisions through data analysis. SizeUp is located on the AEDA website at arvadaeconomicdevelopment.org/resources/sizeup-your-business, allows businesses to easily obtain specific data on revenues, salaries, supplier locations, and more.

“We are thrilled to offer our local businesses these free online tools that will help them succeed,” said Ryan Stachelski, Director of AEDA. “Now our business owners can instantly access advertising, demographic, industry, geographic, and cost-of-business data.” Specifically, SizeUp crunches data points from public and private sources to provide four main tools:

  • Performance benchmarking: See how a specific business "sizes up" by comparing its performance to all competitors in its industry.
  • Competitive assessment: Map where competitors, customers, and suppliers are located to determine where to better serve customers.
  • Best places to advertise: Identify areas with the highest revenue for an industry, the most underserved markets, and filter for the best location based on demographic and business characteristics.
  • Demographic analysis: View an interactive map of demographic, labor, and customer expenditure data in your area.

“Our goal is to help businesses in Arvada succeed by making it simple to access relevant and powerful data across every industry,” said Anatalio Ubalde, CEO of SizeUp. The SizeUp technology was launched in 2011 as a TechCrunch Disrupt Battlefield finalist, and was awarded first prize in the Department of Commerce’s Business Apps Challenge in 2012. In September 2014, the U.S. Small Business Administration began using SizeUp on its website to help small businesses.

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